Elliott wave Bitcoin analysis 26.01.2022

As you can see from the most recent section of the BTCUSD price, the down move completed, and the price has reversed. The down motive wave W must have finished, and the bullish linking wave X is currently developing as a double zigzag [W]-[X]-[Y], as outlined in the chart. The pattern should end at a level of about 43565.00, marked by corrective wave (4). One could enter purchases in the current situation.

Trading plan for BTCUSD today:

Buy 37806.00.

Take profit: 43565.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.01.2022 | LiteFinance

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